Cofco's 2015 net profit forecast loss of 1.2-1.48 billion yuan

Cofco Chemical and Co., China Co., China, disclosed its 2015 annual results forecast on the evening of January 29, and is expected to report a net profit loss of RMB148,000 million to RMB120,000, with a loss of RMB1.535-1.244 per share3uW
The company said the large loss in 2015 was mainly due to the impact of lower international oil prices, the company's fuel ethanol product prices fell significantly, due to the domestic and foreign economic situation and product overcapacity, the company's citric acid, lysine product prices continued to declineA wholly-owned subsidiary of Lushan Cofco Fruit Seidoco Co., Ltdis in a loss-making state due to vicious competition in the fruit juice market and rising raw material prices, while the ephethane production line of Ceju Cofco Biochemistry Co., Ltd., a wholly-owned subsidiary, is in a state of loss due to the high market price of ethylene, the main raw material, and the continued low price of ethylene oxide products, and the loss of product line, there are clear signs of impairment of the assets of the two production lines on December 31, 2015In addition, according to the relevant contents of the "Compensation Agreement for the Collection of Retired Parks" signed between the Company and the Municipal Government of Shao, the Company shall complete the relocation by December 31, 2019Considering that due to the impact of the domestic and foreign economic situation, fuel ethanol, citric acid products, lysine and other product prices dropped significantly, the company decided to stop production lines step by step, step-by-step start the relocation of the retirement into the park, to start from January 2016 to the existing production equipment, housing buildings to dismantle, move, after entering the park can not use the assets of the disposal, the company's long-term assets on the 31 December 2015 obvious signs of impairment3uWCofco Bio disclosed its 2015 annual results forecast on the evening of January 29, with a net profit loss of 148 million yuan to 120,000 yuan and a net earnings loss of 1.535 yuan-1.244 yuan for the reporting period3uW
The company said the large loss in 2015 was mainly due to the impact of lower international oil prices, the company's fuel ethanol product prices fell significantly, due to the domestic and foreign economic situation and product overcapacity, the company's citric acid, lysine product prices continued to declineA wholly-owned subsidiary of Lushan Cofco Fruit Seidoco Co., Ltdis in a loss-making state due to vicious competition in the fruit juice market and rising raw material prices, while the ephethane production line of Ceju Cofco Biochemistry Co., Ltd., a wholly-owned subsidiary, is in a state of loss due to the high market price of ethylene, the main raw material, and the continued low price of ethylene oxide products, and the loss of product line, there are clear signs of impairment of the assets of the two production lines on December 31, 2015In addition, according to the relevant contents of the "Compensation Agreement for the Collection of Retired Parks" signed between the Company and the Municipal Government of Shao, the Company shall complete the relocation by December 31, 2019Considering that due to the impact of the domestic and foreign economic situation, fuel ethanol, citric acid products, lysine and other product prices dropped significantly, the company decided to stop production lines step by step, step-by-step start the relocation of the retirement into the park, to start from January 2016 to the existing production equipment, housing buildings to dismantle, move, after entering the park can not use the assets of the disposal, the company's long-term assets on the 31 December 2015 obvious signs of impairment 3uW
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